In 2022, agriculture contributed around 2.68 percent to the GDP of Australia, 27.48 percent came from industry, and 63.3 percent from the services sector. The same year, the Australian inflation rate, another important key indicator for its economic situation, amounted to 2.82 percent. Why is the inflation rate important?Inflation is the steady increase in price levels for consumer goods and services during a certain timespan. The European Central Bank considers a steady inflation rate of two percent a year beneficial for a stable economy – otherwise a country risks economic hardship. In the worst case, a country can experience either hyperinflation (like Venezuela), which is the rapid increase of prices to a point of economic collapse, or deflation, which is the decrease of prices and devaluation of money that can also lead to economic collapse. Up and down under Australia’s inflation has been clawing itself out of a slump in 2016, when it unceremoniously dropped to 1.25 percent due to falling petrol costs and oil prices. The following year, it recovered instantaneously and soared back to just under two percent, and forecasts see it reaching 2.52 percent by 2021. Australians don’t seem too worried about this outlier, and rightly so, since Australia’s economy is still one of the biggest in the Asia-Pacific region and worldwide.

Australia GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 0.159 % in 2023. This records a decrease from the previous number of 2.442 % for 2022. Australia GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 1.515 % from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 6.669 % in 1988 and a record low of -8.225 % in 1983. Australia GDP: Growth: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 10-33. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

In the financial year 2021, the mining industry in Australia accounted for almost 11 percent of real gross value added to the economy. In the same fiscal year, the financial and insurance services reported around 9.3 percent of real gross value added to the economy.

The Gross Domestic Product (GDP) in Australia was worth 1728.06 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Australia represents 1.64 percent of the world economy. This dataset provides - Australia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia GDP: Growth: Gross Value Added: Industry data was reported at 2.558 % in 2019. This records a decrease from the previous number of 2.789 % for 2018. Australia GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 2.325 % from Jun 1976 (Median) to 2019, with 44 observations. The data reached an all-time high of 8.371 % in 1988 and a record low of -4.283 % in 1983. Australia GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

As of December 2024, the gross value added (GVA) by the coal mining industry in Australia amounted to about 106 billion Australian dollars. This figure represents an increase from the previous year. Coal mining economic contribution Employment in the coal mining industry has declined over the past decade, but saw a rise again in 2023. Tens of thousands of people are still included in the coal mining workforce. Australia is one of the world’s largest exporters of coal. With China being the largest coal consuming country in the world, recent tensions have cast uncertainty on trade relations, including the export of Australian coal. Coal mining companies UK-Australian based BHP and Rio Tinto were among the leading mining companies worldwide. These multinational companies have a diverse mining portfolio that includes Australian coal. This comes as no surprise, as Australia has coal reserves totaling almost 150 billion metric tons.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Australia (AUSPROINDQISMEI) from Q3 1974 to Q4 2023 about Australia, IP, and indexes.

Graph and download economic data for Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Except Construction): Total for Australia (LFEAINTTAUQ647S) from Q1 1985 to Q4 2024 about Australia, construction, employment, and industry.

Australia Employment: Part Time: Wholesale Trade: Basic Material Wholesaling data was reported at 14.879 Person th in Nov 2024. This records a decrease from the previous number of 21.062 Person th for Aug 2024. Australia Employment: Part Time: Wholesale Trade: Basic Material Wholesaling data is updated quarterly, averaging 14.446 Person th from Nov 1984 (Median) to Nov 2024, with 161 observations. The data reached an all-time high of 21.702 Person th in May 2024 and a record low of 9.230 Person th in Nov 2010. Australia Employment: Part Time: Wholesale Trade: Basic Material Wholesaling data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.G025: Employment: by Sex and by Industry: Part Time.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Australia (AUSPROINDAISMEI) from 1975 to 2023 about Australia, IP, and indexes.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Australia (PRINTO01AUQ661N) from Q3 1974 to Q4 2023 about Australia, IP, and construction.

Graph and download economic data for Benchmarked Unit Labor Costs - Industry for Australia (DISCONTINUED) (ULQBBU03AUQ661N) from Q3 1983 to Q3 2011 about unit labor cost, Australia, labor, and industry.

The forestry and fishing industry contributed around 7.8 billion Australian dollars in gross value added (GVA) to the Australian economy as of December 2023. In the previous year, the GVA was around 8.6 billion Australian dollars. This industry is an important segment of the primary sector across the country.

Graph and download economic data for Production: Industry: Total Industry Excluding Construction for Australia (PRINTO01AUQ189S) from Q3 1974 to Q3 2023 about Australia, IP, and construction.

Graph and download economic data for Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Australia (LFEAICTTAUA647S) from 1964 to 2024 about Australia, construction, employment, and industry.

The Australia Data Center Market is segmented by Hotspot (Melbourne, Perth, Sydney), by Data Center Size (Large, Massive, Medium, Mega, Small), by Tier Type (Tier 1 and 2, Tier 3, Tier 4) and by Absorption (Non-Utilized, Utilized). Market Volume in Megawatt (MW) is presented. Key Data Points observed include IT load capacity for existing and upcoming data centers, current and upcoming hotspots, average mobile data consumption, volume of fiber cable connectivity in KM, existing and upcoming submarine cables, rack space utilization, and number of data centers by tier.

Australia Employment: Part Time: Females: Manufacturing: Primary Metal & Metal Product data was reported at 2.772 Person th in Nov 2024. This records a decrease from the previous number of 3.148 Person th for Aug 2024. Australia Employment: Part Time: Females: Manufacturing: Primary Metal & Metal Product data is updated quarterly, averaging 1.923 Person th from Nov 1984 (Median) to Nov 2024, with 161 observations. The data reached an all-time high of 6.741 Person th in May 2010 and a record low of 0.070 Person th in May 1995. Australia Employment: Part Time: Females: Manufacturing: Primary Metal & Metal Product data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.G025: Employment: by Sex and by Industry: Part Time.

Industrial Production in Australia decreased 1.30 percent in the fourth quarter of 2024 over the same quarter in the previous year. This dataset provides the latest reported value for - Australia Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.